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RNS - WTF!
That’s a positive. Hopefully Ashok Patel is holding his 6% too.
But if so, who has been selling in bucket loads for the last few weeks? The .6 placees? Messrs Edwards again?
Or the TR1s are late
Funny how the TR1 notifications have dried up recently given the amount of selling in recent weeks. I’m holding and may add if we keep falling but I wish Company would throw us a bone or two now
I’m not sure the timeframe will be right for RDGC to be honest? Any changes will likely not happen until after June will they?
That’s the position I’m taking Nate. Not entirely comfortable given underwater now but I knew and know the risks and can see this is still early days. Hopefully an exciting play about to unfold and a tripling of MCAP by the Summer
The concern is - at what given point?
Need an update from Company on negotiations so far and next steps.
BLOCK COMMODITIES LIMITED
("Block Commodities", "BLCC" or the "Company")
RESIGNATION OF CORPORATE ADVISER
Block Commodities announces that First Sentinel Corporate Finance has resigned as AQSE Corporate Adviser to the Company with immediate effect.
The Directors of the Company accept responsibility for the content of this announcement.
For further information, please contact:
Block Commodities Limited
Ian Tordoff
nc@blockcommodities.com
Good to be blue after all the red recently.
1.8p finish and hopefully closer to 1.95/ 2p by close tomorrow.
That must be a buy signal!
Blue
Some buying here now.
Blue finish?
Full ask paid. 1.65
The have some options at 1.8p but yes it always helps confidence if Directors have skin in the game. Hopefully they will.
Hope CCAP comes good for you in time
Greg - love the positivity but how do you stay so bullish in your £2 predictions? Seriously, is it purely the AAA history or more?
Hope you’re right. 20p would be an amazing result for me
Fair comments and I can't disagree with anything you've posted. And no one forces us to buy and sell when we do. Just observations.
Next few TR1s will be interesting to see I am sure.
Presumably Edwards doesnt need to notify the market now as under 3% so we have to guess when they're out? As for JM, AP and others...........................................?
Hard to take this drop given that we were at 3.5 just a short while ago. The Edwards sales are an obvious factor in this decline but interesting that the significant fall appears to have sharpened and more been more marked since the recent 'Telegram' group (contrived?) 'dummy throwing' by a few (up until then) prolific contributors to that group and their simultaneous departure from the group. This included two particularly big investors in the Company, one of whom on the same day confirmed by TR1 that they had also been selling shares in the Company (for whatever reason).
Said Telegram group is now somewhat bereft of previous enthusiasm and running commentary on share price, conjecture on RTO targets, market makers antics, amusing GIFS etc.... Other than the odd comment its largely tumbleweed...
Talk about eroding PI confidence....
But being positive for a moment, maybe this has provided a good opportunity for new investors and top ups?
Over 100% rise in a few weeks you reckon?
Really?
Hopefully some big investors taking shares at this price!
From CCAP RNS today -
“ On 2 October 2020, the Company became an AIM Rule 15 cash shell and as such is required to make an acquisition or acquisitions which constitutes a reverse takeover under AIM Rule 14, or be re-admitted to trading on AIM as an investing company under the AIM Rules (which requires the raising of at least £6 million), on or before the date falling six months from completion of the Disposal; failing which, the Company's Ordinary Shares would then be suspended from trading on AIM pursuant to AIM Rule 40.
The Board has had discussions with a number of different businesses, which has included the undertaking of some detailed due diligence work. However, after recent discussions with the Company's broker, Peterhouse Capital ("Peterhouse"), the Board has decided to explore, in conjunction with Peterhouse, the raising of additional funds to enable the Company to become an investing company quoted on AIM. The Board is therefore currently exploring a range of alternative structures and investment strategies focused on creating value for its existing shareholders.
That’s not true.
£6 m if they can’t RTO by deadline of 5 June.